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Shopify topped market estimates for quarterly revenue.
Shopify's quarterly revenue rose 34% to $3.17 billion, beating analyst estimates.
KEY POINTS
- Shopify's second-quarter guidance matched market expectations, causing a premarket share dip of about 2%.
- Shopify clients, notably small- and medium-sized retailers, are limiting spending due to Middle East conflict-induced cost surges.
- U.S. consumer confidence unexpectedly rebounded in March, despite ongoing geopolitical tensions and tariff pressures.
COMPANIES
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